Corona or the covid 19 pandemic - as one of the toughest pandemics in the world, it naturally hit the tech market. In fact, many future unicorns that had not even set their benchmark in the tech industry were forced to the ground. Not only tech companies, but all emerging markets in technology were withdrawn, resulting in a severe economic collapse. However, with the passage of time, more and more strategies are being adopted by tech startups to raise the bar and compensate for the heavy losses.
As tech startups focus on recovering the lost ecosystem, in early 2021, people generally focus more on the professionalism and strategies they can bring to give their early stage startup a boost.
Not only that, tech startups are implementing technologies like artificial intelligence and remote work from home to improve their future in the long run. If you're thinking about the future of a tech startup, several questions must be running through your mind.
Is the future of tech startups actually good or will startups have a hard time? What will the tech future look like? What are the trends of the future? To provide answers to all these questions, we have compiled a list of 5 latest tech trends about the future of tech startups. Taking them into account, by the end of this article we will be able to predict the future of tech startups in 2035.
Please read on.
What can a tech startup expect in the future?
Despite the covid 19 pandemic, the tech industry advances promise a bright future for innovation. Fortunately, the beginning of 2021 has already shown so many promising startups in the field of information technology.
Various tech startup trends will surely be followed by companies affected by the global pandemic. Tech founder are very aware of the tactics they could use to reshape the competitive landscape. For example, many traditional fields are being digitized, creating numerous new solutions and IT jobs.
What are the latest tech trends?
If you are a tech startup ceo, make sure you are also among the top selected startups for your innovation in robotics, your platform, augmented reality, autonomous vehicles, big data or artificial intelligence. Below are some of the latest future trends for tech companies that you can efficiently implement in your own business to make money in the coming years.
1. Mobile technology
Before we get to the trends that are now in vogue due to the global pandemic, let's discuss something tentatively discovered. Advancement in mobile technology is the first, but also the most important and significant future-tech startup trend in 2021.
Remember the innovation that could bring a massive difference in the techno world?
We point to the access to 5th generation technology that should be made available to all parts of the world. However, due to the covid 19 pandemic, this technology was completely stopped in the first few months.
In 2021, we can see how many countries are now being introduced to 5G technology. For example, in some parts of the United Arab Emirates, 5G technology is now available to the general public.
5G technology introduces mobility and promises faster network availability. This trend has greatly impacted the future of tech startups. 5G introduces speeds that allow users to browse and stream the internet much faster.
According to reports, 5G will offer its users a speed up to 10 GB per second. Not to mention, 4G technology, which is currently used for searching over the network, only offers speeds and latency up to 1 GB per second.
There's no denying that every business sector is now going digital. Even in developing countries, nearly half of the sectors use technology to run their businesses.
Therefore, mobility and the use of smartphones in the technological world requires the generalization of fifth-generation technology. This makes it one of the biggest and most innovative trends in the future of tech startups in 2021.
2. Automation with artificial intelligence AI
AI has long been one of the most well-known trends in the run for venture capital. However, due to its high cost, AI has not been adopted especially by the small tech startups.
In 2021, when most of us are locked in our homes due to the global pandemic, AI is on the rise, and innovations in this field are introducing artificial intelligence as one of the biggest trends of the future tech startup.
The technological forecasters have observed that the relationship between humans and the workplace will soon become extinct due to the automation introduced by Artificial Intelligence. According to the reports, the tech startup will see a bright future in implementing artificial intelligence technologies in their respective businesses to compete with the world's leading incumbents.
There are several ways artificial intelligence (AI) can advance your tech startup. Having a professional and determined hard-working team of tech talent is no longer easy for a tech startup company to achieve.
Therefore, taking advantage of the opportunities offered with AI can help you increase your automation capabilities by introducing easier and more convenient methods for customer support, communicating with external entities, compiling business statistics, and other important tasks.
Therefore, it is obvious that artificial intelligence will be a massive emerging trend for a tech startup in 2021 and the years to come.
3. Remote Work from home is the new normal
Imagine you are in 2016, now imagine the ceo of your company asking you for remote work? Does that sound strange? Well, it obviously does.
Before the global pandemic, very few companies knew about the "work from home" formula. Back in March 2020, when tech companies moved their work from the office to home due to pandemic containment, it felt like a huge burden.
However, if we look back, we will see how several tech founders and scientific studies and researches have been conducted. These studies have focused on the improvement that can be achieved when the workplace is transformed into a home.
According to a leading 2017 study, employees who were asked to work from home showed a huge improvement in their work skills and abilities compared to those who had to visit their office to get the job done.
The key talking point proves that the most important trend for the future of tech startups is the implementation of remote work technologies. This includes equipping them with mobile laptops and tools that enable location-independent collaborative work. In the coming years, all tech startups and large it companies will permanently change their work environments, also things should improve in terms of covid 19.
The countries where it is spreading faster are still in the "work from home" zone. It is not wrong to say that soon tech startups will have to make this a regular practice to compete with established companies.
The facility and equipment that would help tech startups cope with the uncertain situation is the need of the hour. Unlike large tech companies whose management systems are very powerful, the tech startups need to ensure that they introduce the latest innovations to be ready for future circumstances.
With the new out-of-the-office practices, the tech startups naturally need to consider the various important remote security measures.
4: Machine learning
Nowadays, we are aware of Big Data. Computers are able to process large amounts of data and learn from it. This is what machine learning is all about. People belonging to the tech sector, especially tech founders, are very aware of the importance of machine learning and how it could prove to be one of the biggest and most competitive trends for the future of tech startups.
Driven by programmed instructions and data, machines using artificial intelligence automation have changed the way of life in industrial and technological sectors. Before machine learning, programmers wrote thousands of lines of code to analyze and understand data. Today, that works with machine learning. Machine learning helps an AI adapt based on changing data.
Human labor will decrease in many areas, and labor through software and AI will increase.
So, when we highlight the key trends in the future of tech startups, machine learning plays a very important role. There are hardly any IT jobs where machine learning or AI no longer play a role.
5. The rise of distributed companies
Before we learn how distributed companies are becoming a trend for the future of tech startups, let us briefly understand what distributed company is.
The companies that are moving to the distributed development model are those in which all employees associated with that particular company are free from geographical boundaries. As mentioned earlier, distributed companies are companies that work remotely, but in a different way.
Due to the covid 19 pandemic, the need to move work home has emerged in a big way. Moreover, IT companies working on a massive scale cannot limit their workspace to their territory only.
In order to increase and diversify the talent pool, tech companies allow their employees to spread the company network across the globe. There are many large companies that do not require a headquarters and operate in different time zones throughout the day.
Would it be possible for a person to fly all the way to a tech company's headquarters to do their work? Obviously, no. Making sure the company grows into a distributed development model is one of the most efficient ways to improve a tech company's progress.
Moreover, it doesn't require much of the travel, time, energy and other expenses that would have been incurred if the company didn't have a distributed work environment.
Therefore, it is quite obvious that the future of tech startups is based on how they can maximize the productivity of the company. Without any doubt, it can be said that tech startups should work on a distributed model if they want to compete with the technological world.
Of course, working in different time zones has other advantages, these include cultural, language things but also permanent accessibility for customers. So we can see that IT jobs will increasingly be found in distributed companies in the future.
What types of startups will boom in the future?
When we talk about the future, we should observe the scalable and profitable tech startup ideas that can boom today and in the future. It all depends on the technologies implemented and the strategies you follow while running your tech startup. Two areas are here to stay when it comes to competitiveness: AI and machine learning.
Data Analytics: with more than millions of people in this field, data analytics has created a massive buzz in the tech world. As people become more aware of the concepts associated with this tech startup, it is growing immensely. Data analytics is expected to be an even bigger field in the future, which will surely boost the tech market.
What is the future of tech startups in 2035?
Every discussion about the future of startups revolves around the implementation of artificial intelligence and automation. However, if we look into the long-term future that takes us to 2035, there are interesting things to discover.
It is almost impossible to predict what the future holds for a startup ecosystem. Nevertheless, it is possible to see the future of the tech world. It is reportedly predicted that by 2035, information technology will take over the world.
The number of innovations we have seen in the last decade are only 10% of what we will see by 2035. Can you imagine that? We can only reiterate that the future will be all about information technology, including IT jobs. Get ready and change the way deep tech startups will operate in the future.
How important is technology in the future?
With the increase in population, we can see how technology plays a big role. Especially during the global pandemic, we just realize how important technology is. The significant role it plays in our daily lives can be seen by how technology helped so many countries survive covid 19 pandemic.
When everything came to a standstill, technology was the only force that sustained the economies of so many countries. From transferring school classes to Zoom, working from home or researching a vaccine, life and work did not stop, and that is possible because of technology.
In simple words, we can say that technology will be even more important in the future.
The bottom line:
Considering all the above facts, it is now obvious that technology plays a massive role in the future of the economic growth. When we talk about the future of tech startups, the five most competitive trends as discussed above are something that should be implemented by all startups to maximize the growth of their businesses.
In the global pandemic, technology is an entity that has helped people adapt to the situation. Everything is about technology and IT jobs.